The buy, which breaks down to $90 per share, would flip DLJ fromAXA SA of Paris, which holds roughly 70%, and do so at roughlythree times the book value. The inflated price is being attributedto the interest in DLJ expressed by various competitors, such asLehman Brothers.
GlobeSt.com is currently fleshing out how precisely the buywould affect the commercial real estate investment market and theglobal strategies of CSFB over the coming months. Also underinvestigation is the impact that Wall Street mergers will have onthe industry. More to follow.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
